Correlation
The correlation between MXWO.L and IWDA.L is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
MXWO.L vs. IWDA.L
Compare and contrast key facts about Invesco MSCI World UCITS ETF (MXWO.L) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L).
MXWO.L and IWDA.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MXWO.L is a passively managed fund by Invesco that tracks the performance of the MSCI ACWI NR USD. It was launched on Apr 2, 2009. IWDA.L is a passively managed fund by iShares that tracks the performance of the MSCI World Index. It was launched on Sep 25, 2009. Both MXWO.L and IWDA.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MXWO.L or IWDA.L.
Performance
MXWO.L vs. IWDA.L - Performance Comparison
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Key characteristics
MXWO.L:
0.89
IWDA.L:
0.92
MXWO.L:
1.15
IWDA.L:
1.17
MXWO.L:
1.17
IWDA.L:
1.17
MXWO.L:
0.76
IWDA.L:
0.80
MXWO.L:
3.40
IWDA.L:
3.45
MXWO.L:
3.97%
IWDA.L:
3.92%
MXWO.L:
17.03%
IWDA.L:
16.52%
MXWO.L:
-33.89%
IWDA.L:
-34.11%
MXWO.L:
0.00%
IWDA.L:
0.00%
Returns By Period
The year-to-date returns for both investments are quite close, with MXWO.L having a 6.41% return and IWDA.L slightly higher at 6.54%. Both investments have delivered pretty close results over the past 10 years, with MXWO.L having a 10.31% annualized return and IWDA.L not far behind at 10.30%.
MXWO.L
6.41%
4.48%
3.43%
15.31%
16.25%
14.74%
10.31%
IWDA.L
6.54%
4.46%
3.39%
15.27%
16.18%
14.59%
10.30%
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MXWO.L vs. IWDA.L - Expense Ratio Comparison
MXWO.L has a 0.19% expense ratio, which is lower than IWDA.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
MXWO.L vs. IWDA.L — Risk-Adjusted Performance Rank
MXWO.L
IWDA.L
MXWO.L vs. IWDA.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI World UCITS ETF (MXWO.L) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
MXWO.L vs. IWDA.L - Dividend Comparison
Neither MXWO.L nor IWDA.L has paid dividends to shareholders.
Drawdowns
MXWO.L vs. IWDA.L - Drawdown Comparison
The maximum MXWO.L drawdown since its inception was -33.89%, roughly equal to the maximum IWDA.L drawdown of -34.11%. Use the drawdown chart below to compare losses from any high point for MXWO.L and IWDA.L.
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Volatility
MXWO.L vs. IWDA.L - Volatility Comparison
Invesco MSCI World UCITS ETF (MXWO.L) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) have volatilities of 2.76% and 2.71%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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